[THE INVESTOR] YG Entertainment
’s operating profit in the third quarter will hike 27 percent to 7 billion won (US$6.19 million) and revenue will jump 55 percent to 74.1 billion won in the third quarter, according to Shinhan Investment on Oct. 21.
“Concerts should drive top-line growth: Big Bang is celebrating its 10th anniversary with a concert in Japan with attendance of 280,000, 10 in China and one in Korea; iKon has four tours in Asia; and Sechs Kies has two. Sales contribution should increase from recruitment of artists in the management segment,” said the securities firm.
For 2016, Shinhan forecasts, sales will come in at 297.2 billion won, up 54 percent on year, and operating profit at 29.4 billion won, up 35 percent on-year.
By Hwang You-mee (firstname.lastname@example.org